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AT&T Wireless Seeks to Sell Rogers Stake

Updated April 28, 2004 7:49 p.m. ET

Rogers Communications Inc., Toronto, said it received a letter from wireless carrier AT&T Wireless Services Inc. notifying Rogers Communications that AT&T Wireless is exploring options to monetize its entire stake in Rogers Wireless Communications Inc. AT&T Wireless, Redmond, Wash., said it's prepared to devote, "on an exclusive basis," the next 21 days to see if it can reach an agreement on a private sale of the stake to Rogers Communications. Rogers Communications holds a 56% stake in Rogers Wireless. AT&T Wireless controls its 34% stake in Rogers Wireless through JVII General Partnership,...